Santander launches two year fixed rate bond paying 1.7%.

2nd July 2014

Santander has launched a new range of one and two year bonds paying 1.4% and 1.7% respectively. The bonds are available exclusively to new and existing Santander 1|2|3 Current Account, 1|2|3 Credit Card and Santander Select customers.

The bonds require a £500 minimum opening deposit. Richard Al-Dabbagh, Head of Savings at Santander, says: “At Santander we want to help families make the most of their hard-earned cash. Our latest Bond range rewards new and existing customers who have a 1|2|3 Current Account or 1|2|3 Credit Card, or who are a Santander Select customer, with an enhanced rate of interest.

“Offering peace of mind and a guaranteed return, our new Bonds are another value-added product available to those customers already benefiting from the credit interest, and cashback they can earn from our 1|2|3 Current Account and 12|3 Credit Card.”

Santander’s range of bonds

Saga has issued a new 1 Year Fixed Rate ISA offering an interest rate of 1.55% tax free/AER*. Savers must deposit a minimum balance of £1 up to the current year’s ISA limit, in addition to transfers in from previous tax years with a 1.55% tax free/AER* fixed.

Andrew Strong, chief executive, Saga Personal Finance, says: “We have campaigned long and hard for higher cash ISA limits as this is something our customers have told us they wanted to help manage their finances in the run up to retirement. We are delighted to be able to offer this new account, enabling the over 50s to deposit the new ISA allowance in to a cash ISA”